New York Claim for Empire State Film Post-Production Credit

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Claim for Empire State Film Post-Production Credit
Form IT-261 Claim for Empire State Film Post-Production Credit Tax Year 2023Department of Taxation and Finance

Claim for Empire State Film Post-Production Credit

IT-261

Tax Law – Sections 31 and 606(qq)

Submit this form with Form IT-201, IT-203, IT-204, or IT-205.
	Name(s) as shown on return		

Taxpayer identification number

Part 1 – Computation of credit (see instructions)

	 1	 Empire State film post-production credit (submit a copy of the certificate of tax credit from the
		  Governor’s Office of Motion Picture & Television Development; see instructions) ..................................	 1	
	 2	 Amount of credit from line 1 available for the 2023 tax year (see instructions) ...............................	 2	
	 3	 Partner, shareholder, beneficiary share of credit from Part 2, line 19...........................................	 3	
	 4	 Credits available from prior years (see instructions)........................................................................	 4	
	 5	 Add lines 2, 3, and 4 ....................................................................................................................	5	
	 6	Fiduciary: Enter the amount of credit allocated to beneficiaries from Part 3, column C ..............	 6	
	7	Total Empire State film post-production credit (subtract line 6 from line 5) .......................................	7	
		  Partnerships: Enter the line 7 amount and code 356 on Form IT-204, line 147.
		  All others: Continue with line 8.
	8	Enter amount from Form IT-201, line 39; Form IT-203, line 46; or Form IT-205, line 8 if a
		  resident, or line 9 if a nonresident or part-year resident ...........................................................	 8	
	 9	 Form IT-201 and IT-203 filers: Enter amount from Form IT-201-ATT, line 21;
		  Form IT-203-ATT, line 20. Form IT-205 filers: Enter any credits shown on line 1
		  of the Addbacks worksheet in the instructions for Form IT-205, line 12. ....................................	 9	
	10	 Add lines 8 and 9..........................................................................................................................	 10	
	11	 Other credits (see instructions) ........................................................................................................	 11	
	12	 Subtract line 11 from line 10..........................................................................................................	 12	
	13	 Nonrefundable portion of credit (see instructions)...............................................................................	 13	
	14	 Subtract line 13 from line 7 (see instructions) .................................................................................. 	 14	
	15	 Multiply line 14 by 50% (.5) ..........................................................................................................	 15	
	16	 Unused credit from 2022 carryover (if applicable; see instructions)...................................................	 16	
	17	 Refundable portion of credit (see instructions) .............................................................................	 17	
	18	 Subtract line 15 from line 14. This is the amount of credit to be carried forward to next year......	 18	

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Part 2 – P
 artnership, New York S corporation, and estate and trust information (see instructions)

	For Type, enter P for partnership, S for S corporation, or ET for estate or trust.
	

A – Name of entity	

B – Type	

C – Employer identification number	

D – Share of current year’s credit

	.00
	

.00

	

.00

19		 Total credit amount for current year (Add amounts in column D; include amounts from additional
		  forms. Enter here and on line 3 above.) ........................................................................................ 	19	

.00

Part 3 – Beneficiary’s and fiduciary’s share of Empire State film post-production credit (see instructions)
	

A – Beneficiary’s name (same as on Form IT‑205, Schedule C) 	

  Total

B – Identifying number 	

C – Share of current year’s credit

	.00

 Fiduciary
356001230094

	

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IT-261 (2023) (back)

Part 4 – Amount of credit to be claimed in succeeding tax years (see instructions)
	20	 Amount of credit to be claimed for 2024 (see instructions) .............................................................	 20	
	21	 Amount of credit to be claimed for 2025 (see instructions)..............................................................	 21	

356002230094

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Extracted from PDF file 2023-new-york-form-it-261.pdf, last modified October 2010

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More about the New York Form IT-261 Individual Income Tax Tax Credit TY 2023

We last updated the Claim for Empire State Film Post-Production Credit in January 2024, so this is the latest version of Form IT-261, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IT-261 directly from TaxFormFinder. You can print other New York tax forms here.

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Other New York Individual Income Tax Forms:

TaxFormFinder has an additional 271 New York income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form IT-201	Individual Income Tax Return Tax Return
IT-201-V	Payment Voucher for Income Tax Returns Voucher
Form IT-201-D	Resident Itemized Deduction Schedule (DISCONTINUED)
Form IT-203	Nonresident Income Tax Return Nonresident
Form IT-201-I	Individual Income Tax Return Instructions Tax Return

Download all NY tax forms View all 272 New York Income Tax Forms

Form Sources:

New York usually releases forms for the current tax year between January and April. We last updated New York Form IT-261 from the Department of Taxation and Finance in January 2024.

Show Sources >

Form IT-261 is a New York Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of New York Form IT-261

We have a total of twelve past-year versions of Form IT-261 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 Form IT-261

Form IT-261 Claim for Empire State Film Post-Production Credit Tax Year 2023

2022 Form IT-261

Form IT-261 Claim for Empire State Film Post-Production Credit Tax Year 2022

2021 Form IT-261

Form IT-261 Claim for Empire State Film Post-Production Credit Tax Year 2021

2020 Form IT-261

Form IT-261:2020:Claim for Empire State Film Post-Production Credit:it261

2019 Form IT-261

Form IT-261:2019:Claim for Empire State Film Post-Production Credit:it261

2018 Form IT-261

Form IT-261:2018:Claim for Empire State Film Post-Production Credit:it261

2017 Form IT-261

Form IT-261:2017:Claim for Empire State Film Post-Production Credit:it261

2016 Form IT-261

Form IT-261:2016:Claim for Empire State Film Post-Production Credit:it261

2015 Form IT-261

Form IT-261:2015:Claim for Empire State Film Post-Production Credit:it261

2014 Form IT-261

IT-261:2014:Claim for Empire State Film Post-Production Credit:it261

2013 Form IT-261

IT-261:2013:Claim for Empire State Film Post-Production Credit:it261

2012 Form IT-261

IT-261:2012:Claim for Empire State Film Post-Production Credit:it261

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